WASHINGTON (dpa-AFX) - (Adds Outlook)

PG&E Corp. (PCG) released a profit for its fourth quarter that increased from
last year and beat the Street estimates.

The company's earnings totaled $919 million, or $0.43 per share. This compares
with $513 million, or $0.24 per share, in last year's fourth quarter.

Excluding items, PG&E Corp. reported adjusted earnings of $1.01 billion or $0.47
per share for the period.

Analysts on average had expected the company to earn $0.45 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

Outlook:

Looking ahead, for the full year, the company has revised up its annual earnings
guidance in line with analysts' estimates. PG&E now expects net income per share
of $1.10 to $1.14 per share against its previous outlook of $1.08 to $1.12 per
share.

Excluding items, the company now projects income per share of $1.33 to $1.37 per
share, higher than previous outlook of $1.31 to $1.35 per share.

Analysts, on average, expect the company to post earnings of $1.35 per share,
for the year.


PG&E Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $919 Mln. vs. $513 Mln. last year.
-EPS (Q4): $0.43 vs. $0.24 last year.
-Analyst Estimate: $0.45



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